Finance

RWE considering sale of minority stake in renewable energy unit Innogy to Engie, report

RWE and Engie could be intertwined soon. According to Reuters, the investment banks of both energy providers are currently examining different options. The article reports that RWE could sell to the French energy giant all of its majority stake in its renewable energy unit Innogy, or a part of it. Reuters cites the investment banks involved in the operation as a source.

ADB raises $46 million for Indian PV, wind with green bonds

The Asian Development Bank has raised INR 3 billion ($46.19 million) through the issuance of rupee-linked green bonds to back the development of 709 MW of solar and wind capacity in six states in India.

Solar among areas with biggest returns for economy, climate, researchers say

Amid growing energy demand and urgent calls for combating climate change, identifying energy technologies that are good bets for the economy and climate is increasingly important, finds study.

Terrawatt Initiative and International Solar Alliance announce taskforce to lower cost of PV finance

The Common Risk Mitigation Mechanism for solar generation assets is intended to identify ways to scale up investment in solar to $1 trillion, and will be supported by members of the International Solar Alliance, the World Bank Group, and the Terrawatt Initiative.

India: TANGEDCO announces 1.5 GW solar tender

A total of 1.5 GW of solar in the Indian state of Tamil Nadu is due to be tendered with the upper tariff limit set at INR 4 ($ 0.062)/kWh.

Midsummer sees profit increase for FY 2016

Financial results for 2016 posted by the Swedish thin film equipment supplier show that revenues almost doubled to SEK 60 million ($6.8 million) for the full year. Midsummer also saw a significant profit increase to SEK 10 million ($1.1 million).

Indian solar imports surge, while exports plummet

New data highlight a major discrepancy between India’s solar import and export numbers in the first 11 months of the financial year 2016-17.

US loses allure as China, India become more attractive for RE investments, says Ernst & Young

The Ernst & Young’s RECAI league table sees big movements at the top, as China and India take on the mantle of leaders, while the U.S. drops to third spot.

US investors, led by Tesla/SolarCity, dominate list of non-Chinese solar PV asset owners

Report by GTM Research and Solichamba finds 11 investors that each own more than 1 GW of PV assets, with eight of those 11 hailing from the U.S.

China key to growth of green bond market in 2016

Global issuance soared 60% year on year to $113 billion in 2016, with Chinese and Indian banks playing a critical role in driving growth by issuing debt securities to back the development of PV projects and other climate-related initiatives, Fitch Ratings said in a recent report. The total value of outstanding green bonds had reached $280 billion by the end of March 2017.